draft: 25th November‚ 2002 ABSTRACT We study the determinants of equity and loan financing in an equilibrium model of financial markets with adverse selection. In our model all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers‚ or not to invest. We find that i) equilibrium financial contracts are either equity-like or “pure” debt contracts; ii) agents only earn rents when employing pure debt contracts; iii) When agents split in their occupational choices
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A Dream of A Social Entrepreneur “I have a dream that in the near future‚ Ecolife Café will become the bridge of knowledge for people in Phu Long and promote Community Ecotourism for the Protection of Mangrove so that tourists and foreigners will know and love the community initiatives to protect the green environment here‚ and then have a chance to experience life with local people in our island.” Lying on the coastal island of Cat Hai‚ Hai Phong City‚ Phu Long commune’s population is consisted
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his family’s struggling real estate development business and turned it into one of Lebanon’s biggest players. Here’s how the company remodeled from the bottom line up. By Eliot Stempf Chahe Yerevanian Reconstructing business 40| Entrepreneur October 2012 T he turn of the millenium bore ill for the three brothers of the Yerevanian family‚ Vahe‚ Chahe and Serge. Ara Yerevanian‚ their father and founder of the family real estate development firm‚ passed away after months of
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Candace Allen’s article titled “The Entrepreneur as Hero”‚ she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur‚ finding themselves in a difficult situation then finding ways to get a solution. Furthermore‚ she also mentioned that “The heroic entrepreneur will continue to anticipate what the
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Status of Women Entrepreneurs in India Miss Pooja‚ Lecturer Mr. Surinder Bhatia‚ Lecturer SSIMT‚ Dinanagar SSIMT‚ Dinanagar ____________________________________________________________ ______________________ Executive Summary One primary objective of this paper is to find out the status of women entrepreneurs in India. In Hindu scriptures‚ woman has been described as the embodiment
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“Here Today but what about Tomorrow? Reducing Attrition of Downsizing Survivors by Increasing their Organizational Commitment” Forst‚ J. K. (1996). “Job Insecurity: The Consequence of Organizational Downsizing and the Mediating Effects of Role Ambiguity and Role Overload” Gelade‚ G. A.‚ Dobson‚ P.‚ Gilbert‚ P. (September 2006). “National Differences in Organizational Commitment: Effect of Economy‚ Product of Personality or Consequence of Culture?” Journal of Cross-Cultural Psychology Hays‚ S.
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Famous Canadian Entrepreneurs James Hillier and Albert Prebus (Electron Microscope) James Hillier‚ one of the entrepreneurs of the electron microscope‚ was born on August 22nd‚ 1915 in Brantford‚ Ontario. He attended the University of Toronto‚ where he received a PhD in 1941. After graduating‚ Hillier spent most of his career at the Radio Corporation of America (or RCA)‚ discovering the principle of stigmator‚ which is used to correct astigmatism in a microanalyser‚ while being the first person
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Of Mice and Mein The Dream of Commitment. Louis Owens The Eden myth looms large in Of Mice and Men (1937)‚ the playnovella set along the Salinas River "a few miles south of Soledad" (Of Mice and Men‚ p. 1). And‚ as in all of Steinbeck’s Califomia fiction‚ setting plays a central role in determining the major themes of this work. The fact that the setting for OfMice and Men is a Califomia valley dictates‚ according to the symbolism of Steinbeck’s landscapes‚ that this story will take place in a fallen
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Determination vs. Discipline In the game of sports determination and discipline are the two key factors needed in order to succeed aside from team work. "The price of success is hard work‚ dedication to the job at hand‚ and the determination that whether we win or lose‚ we have applied the best of ourselves to the task at hand." Vince Lombardi. The world of athletics is filled with countless aspects and which the two strongest and most meaningful are determination and discipline. “The difference
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HUM-101-010 Written Assignment 4 A Cultural Determination of Meaning Throughout historic culture‚ we can identify several changes in philosophical thought. Through the emergence of romanticism‚ we see a realization that‚ through passion‚ the paths of the hero and saint can be merged. In the agony and ecstasy of Michelangelo‚ it is obvious how the paths of hero and saint can be merged in the form of art‚ to attempt to reconcile the tension between them. In the enlightenment patterns of cultural
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